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Search Results 0 to 9 of about 10
PBS
Jun 14, 2013 7:00pm PDT
fiscal policies. opinions are divided on how the growth plan can lift the economy. nhk world's chie tanaka has more. i >> reporter: cabinet ministers gathered on friday to give final approval on the new economic growth plan. its purpose is to make japanese businesses more competitive and to bolster the country's economy. the plan includes tripling the value of infrastructure exports by 2020 to over $300 billion. it also calls for establishing special economic zones to provide tax incentives and permitting sales of medicine online. abe also wants to promote the export of medical services and technologies to a market worth over $50 billion by 2030. some private firms welcome the new growth plan. japan's the leading manufacturer of medical image equipment is one of them. >> translator: we are looking forward to promoting our high quality medical products with government support. >> reporter: one economist says a growth plan with specific goals bodes well for the economy. >> setting a new target over prime minister's abe's growth strategy is very easy to understand, what trend of the po
PBS
Jun 18, 2013 7:00pm PDT
. >>> the leaders of the world's wealthiest economies have shared their thoughts on everything from global financial markets to the civil war in syria. but they didn't always agree. the heads of the group of eight nations wrapped up their summit at a resort in northern ireland. they said they would take a tougher stance on money laundering, but offered few specifics. >> we launched negotiations on the biggest bilateral trade deal in history. we agreed a lock earn declaration that has the potential to rewrite the rules on tax and transparency for the benefit of countries right across the world, including the poorest countries of the world. >> the leaders agree that tax authorities in their countries would do more to share information. they want to better track the profits of international corporations to make sure they pay their fair share. they found less common ground on syria. >> it's no secret that there were very different views around the g-8 table. but we all share a vital interest in bringing this conflict to an end, and helping the syrian people to achieve the change they want. >> cameron sa
PBS
Jun 19, 2013 7:00pm PDT
world "newsline." >>> policymakers with the u.s. federal reserve are noticing changes in the economy so they're planning some changes for themselves. ai uchida joins us from the business desk. what do they see? >> they've seen the housing market improve, consumer confidence, household spending. in fact when the chairman of the u.s. federal reserve looks to the future, ben bernanke likes what he sees ahead for the economy. the central bank has pumped billions into financial markets over the last several years, but bernanke says later this year the fed could begin slowing the pace of stimulus. federal reserve policymakers released a statement after meeting for two days. they decided to continue buying government bonds at the current rate of $85 per month. but bernanke says they could change their tactics as the labor market changes. >> and if the subsequent data remain broadly aligned with our current expectations for the economy, we would continue to reduce the pace of purchases in measured steps through the first half of next year ending purchases around midyear. >> bernanke said the jo
PBS
Jun 20, 2013 7:00pm PDT
reserve had fuelled gapes for months investing billions to get more money 234r0eing through the economy. the central bankers suggested that if the recovery continued, they could scale back investments. ben bernanke said they would evaluate threats and believe the risk for the economy have diminished. investors don't like what nay are hearing. they fell by about 3%. and they are hoping for more stability to close out the week. managers at japan's biggest banks have their own executives at bank of tokyo ufj agreed to pay $250 million to regulators in new york. they transferred billions to countries facing u.s. sanctions. they moved $100 billion to iran, myanmar and sudan in violation of new york state law. between 2002 and 2007 they carried out about 28,000 such transactio transactions. managers instructed employees to strip information from wire transfer messages that could identify countries and people subject to international sanctions. bank officials say they have been working since 2007 to meet obligations. they said in a statement that they are cooperating with the regulators. u.s.
PBS
Jun 17, 2013 7:00pm PDT
the measures taken by the u.s., eurozone and japan helped reduce risks to the global economy. economic activity and employment in most advanced nations have yet to recover. they also referred to the policies and challenges of certain countries. they said japan's economic growth will be supported by short-term fiscal stimulus and easing and the strategy for boosting sector investments. the leaders said japan will need to compile a medium term plan to improve the fiscal standing. prime minister abe announced other g 8 leaders said japan's economic recovery was positive for the global economy. >> translator: i told the other leaders that japan needed drastic measures like my three hours to call the country out on deflation. and the figures for production, consumption, and the job market have already improved. i told them we need to promote more growth strategies. the leaders approached me with various opinions, but i won their approval regarding japan's economic policies. >> u.s. markets ended higher after upbeat housing data boosted sentiments later today on tuesday. the dow jones gained nearly 3
PBS
Jun 18, 2013 6:30pm PDT
be achieved through diplomacy. >> talk on the global economy were less contentious. the g8 leaders say it is in better shape than last year but still needs growth. there is also agreement on working to put attacks havens out of business. they pledged more transparency to curtail tax evasion and avoidance worldwide. >> taxation is one of the big issues where the g-8 says they made progress today. >> tax evasion and avoidance were under discussion. invasion is illegal, avoidance is not, but sometimes the line between between them can be hard to draw. >> they are under fire for breaking the rules or pushing them to the limits. they want to make practices harder and tax havens from the caribbean to the heart of europe. click the picturesque villages technically in austria, but the only road in his from germany. there have never been border controls here making it easy to hide german money in the neighboring country with lower tax rates. >> there are about 4 billion euro in three banks here. more than 99% of the money comes from germany, most of it probably undeclared. clicks tax evasion ha
PBS
Jun 20, 2013 6:30pm PDT
. this is a mainly shiite area. alms have been going off every day ahead of the elections. while the economy and iraq's kurdish north is booming, there is still no reliable power supply in baghdad. tangled cables apply electricity. he sewage system is ruined and streets and houses are in dire need of repair. that would mean work if it were for the -- if there went out for the constant violence. >> every time a device explodes, it takes work away from us for a week or two. no one comes to buy supplies. i have a family to feed. lex in the first round of provincial elections, the alliance prevailed, but it garnered fewer votes than the previous poll. there was voting in sunni regions that do discriminate against by the government, but many say it's not even about the sectarian conflict. it's just feuding politicians. >> i hope the elections bring change. there are no jobs. there's no electricity. i hope it gets better. >> at iraqi society is hobbled. although the people of iraq were able to cast ballots on thursday, they are not optimistic. >> markets have plunged after the u.s. federal reserve chairman
PBS
Jun 16, 2013 6:00pm PDT
a rational and positive immigration program will choke this economy. it's not a good idea. >> it will be good for every worker here. every day we wait is a day we've lost. >> how about that? youhen the is the last time saw those two on the same page? >> i think it was the united way mable for the nationals redskins parade and that's it. >> quite bluntly to put it in political terms. the senator from arizona says this makes it difficult for republicans to compete nationwide and state by state. it's tough to compete for people's votes on any issue when they believe you don't like them and that's where the republicans are right now. and john boehner has a real problem because you saw what they did last week. with steve cain in the lead from iowa they repealed the dream act which is enormously popular and hurt republicans in the 2012 election and i don't think it argues well for the immigration in the house. >> you don't think this thing is going to make it? >> right now i think what boehner wants to do is get the house judiciary committee to break it up bit sizes to pass something so he doesn't
PBS
Jun 19, 2013 6:30pm PDT
the u.s. economy get back on track again, but markets do expect a slow and to this money flooding, and bernanke could give an important hint. the market went up and down, and the dax closed lightly lower. >> let's take a look at wednesday's numbers. the dax was down by nearly .4% at 8190 seven. the euro stoxx 50 also lower, down by more than .6 %%. the dow trading lower by nearly a full percent. looks like the losses are getting lower. the fed chair has been speaking, and he said the federal reserve could begin tapering its bond purchases and could end its program next year of economic growth remains strong. bad news for the markets there. investors do not like that, and the euro trading at this dollar at a value of $ 1.3273. >> will be back after the break. >> welcome back. returning to our top story in berlin this evening where security for president barack obama's visit is unprecedented. some have described it as berlin on lockdown, especially those people living in the downtown areas where they have to cooperate with the top security in operation there. >> they include having
PBS
Jun 21, 2013 6:30pm PDT
been holding back from pumping money into the economy lately, worried about the risk of accumulating bad bets. onto markets, and european stock exchanges dropped for the fourth day in a row on friday, locking in the biggest weekly decline in 13 months. our correspondent sent us this trading -- the summary of the trading action on the frankfurt stock exchange. >> ee you is coming forth with the bank union. this was the only good news for traders. it is a very important project, they said, but besides these plans, the trading day was very weak. german stocks made only a brief move toward recovery after yesterday's selloff. the fed's announcement to reduce stimulus disappointed traders, and in addition, they also worried about the situation in the chinese banking sector. the week ended all in all with heavy losses. >> we stay in frankfurt for a closer look at the friday numbers. the dax was off i -- look at that -- 1.76%. also lower across the atlantic on the dow, which is trading up at this hour. the euro trading at a value of $ 1.31 51. briefly in sports, formula one racing team merce
Search Results 0 to 9 of about 10